Revenue
32.13m€2.4× since 2015
1.6% of sector revenue
Construction of water projects
23 companies earned 32.13m€ in 2025, 1.6% of Construction sector revenue. Revenue has grown 2.4× since 2015.
Code 4291Construction
Year
Overview
Companies
23-2 since 2015
10 with at most one employee
Employees
106+49% since 2015
Largest employer: Portonovi Marina Management Company (20)
Profit margin
17.3%9.3 pts above sector
Median company 15.2% · 61% profitable
This activity 17.3%Sector: 8.0%
Payroll cost/emp./mo*
2,186€74% above sector
Average per employee, not per company
This activity 2,186€Sector: 1,254€
Revenue and companies since 2015
FinalPreliminary
Revenue in € million (bars) and filing companies (below), 2015–2025
| Year | Revenue | Companies |
|---|---|---|
| 2015 | 13,580,473€ | 25 |
| 2016 | 25,360,542€ | 27 |
| 2017 | 14,746,754€ | 28 |
| 2018 | 8,333,516€ | 26 |
| 2019 | 8,386,917€ | 27 |
| 2020 | 4,432,842€ | 27 |
| 2021 | 5,801,314€ | 26 |
| 2022 | 12,634,277€ | 22 |
| 2023 | 10,174,301€ | 22 |
| 2024 | 46,140,109€ | 25 |
| 2025 (Preliminary) | 32,131,723€ | 23 |
Who is growing and hiring
Fastest growing
Revenue change vs 2024, companies with at least 1m€ that year
- Hidromont Inženjering1.24m€ → 3.06m€+146.9%
- Portonovi Marina Management Company1.98m€ → 2.33m€+17.8%
Largest employers
Employees and payroll cost per employee per month*
- 201,664€
- 182,428€
- 121,145€
- 112,387€
- 61,168€
All companies (23)
Ranked by total revenue · Showing 1–23 of 23
- 1HSV Vlasotince03626164 · PodgoricaRevenue share56.5%
- Revenue
- 18,152,601€
- Revenue change 2024→2025
- +1,130.3%
- Profit
- 3,541,318€
- Margin
- 19.5%
- Employees
- 6
- Payroll cost/emp./mo*
- 7,565€
- 2Hidrosistem Montenegro03653471 · PodgoricaRevenue share11.3%
- Revenue
- 3,641,308€
- Revenue change 2024→2025
- +9,951.1%
- Profit
- 445,632€
- Margin
- 12.2%
- Employees
- 6
- Payroll cost/emp./mo*
- 1,168€
- 3Hidromont Inženjering02915952 · PodgoricaRevenue share9.5%
- Revenue
- 3,058,869€
- Revenue change 2024→2025
- +146.9%
- Profit
- 1,687,916€
- Margin
- 55.2%
- Employees
- 11
- Payroll cost/emp./mo*
- 2,387€
- 4Portonovi Marina Management Company03120325 · Herceg NoviRevenue share7.3%
- Revenue
- 2,333,325€
- Revenue change 2024→2025
- +17.8%
- Profit
- 361,615€
- Margin
- 15.5%
- Employees
- 20
- Payroll cost/emp./mo*
- 1,664€
- 5Namcom02395304 · TivatRevenue share6.9%
- Revenue
- 2,222,764€
- Revenue change 2024→2025
- -38.9%
- Profit
- 185,404€
- Margin
- 8.3%
- Employees
- 6
- Payroll cost/emp./mo*
- 2,044€
- 6Aquamont02679469 · Herceg NoviRevenue share1.8%
- Revenue
- 594,378€
- Revenue change 2024→2025
- -27.3%
- Profit
- -691,481€
- Margin
- -116.3%
- Employees
- 18
- Payroll cost/emp./mo*
- 2,428€
- 7Azur Bazeni02787954 · BudvaRevenue share1.5%
- Revenue
- 490,024€
- Revenue change 2024→2025
- +12.4%
- Profit
- 39,937€
- Margin
- 8.2%
- Employees
- 4
- Payroll cost/emp./mo*
- 524€
- 8WTWS02673436 · BudvaRevenue share1.5%
- Revenue
- 483,710€
- Revenue change 2024→2025
- -33.7%
- Profit
- 16,790€
- Margin
- 3.5%
- Employees
- 12
- Payroll cost/emp./mo*
- 1,145€
- 9Z&S03642364 · PodgoricaRevenue share1.1%
- Revenue
- 340,630€
- Revenue change 2024→2025
- +116.4%
- Profit
- 51,921€
- Margin
- 15.2%
- Employees
- 5
- Payroll cost/emp./mo*
- 887€
- 10Akvanaut02427362 · PodgoricaRevenue share1.0%
- Revenue
- 316,703€
- Revenue change 2024→2025
- +116.1%
- Profit
- 73,166€
- Margin
- 23.1%
- Employees
- 1
- Payroll cost/emp./mo*
- 9,110€
- 11Seacon Marine03289630 · Herceg NoviRevenue share0.8%
- Revenue
- 249,666€
- Revenue change 2024→2025
- +62.9%
- Profit
- 114,189€
- Margin
- 45.7%
- Employees
- 2
- Payroll cost/emp./mo*
- 1,853€
- 12MB Bazeni03100260 · UlcinjRevenue share0.3%
- Revenue
- 86,714€
- Revenue change 2024→2025
- -29.0%
- Profit
- 14,353€
- Margin
- 16.6%
- Employees
- 1
- Payroll cost/emp./mo*
- 677€
- 13Budva Diving02766574 · BudvaRevenue share0.2%
- Revenue
- 72,532€
- Revenue change 2024→2025
- +24.5%
- Profit
- -16,653€
- Margin
- -23.0%
- Employees
- 2
- Payroll cost/emp./mo*
- 1,524€
- 14Agroluks02771560 · PodgoricaRevenue share0.1%
- Revenue
- 41,044€
- Revenue change 2024→2025
- +6.1%
- Profit
- 6,923€
- Margin
- 16.9%
- Employees
- 1
- Payroll cost/emp./mo*
- 671€
- 15Aqua Boka03531635 · Herceg NoviRevenue share<0.1%
- Revenue
- 26,447€
- Revenue change 2024→2025
- -44.5%
- Profit
- 334€
- Margin
- 1.3%
- Employees
- 1
- Payroll cost/emp./mo*
- 1,783€
- 16Beteiligung 52 Otpadne Vode Budva02767899 · PodgoricaRevenue share<0.1%
- Revenue
- 14,782€
- Revenue change 2024→2025
- -100.0%
- Profit
- -206,906€
- Margin
- Margin not shown: it is beyond ±1,000% because revenue is too small for a meaningful ratio.
- Employees
- 4
- Payroll cost/emp./mo*
- 3,794€
- 17MSK Company02737736 · Herceg NoviRevenue share<0.1%
- Revenue
- 6,226€
- Revenue change 2024→2025
- +21.9%
- Profit
- 1,064€
- Margin
- 17.1%
- Employees
- 1
- Payroll cost/emp./mo*
- —
- 18Beteiligung 52 Desalinizacija Morske Vode02709333 · PodgoricaRevenue share0.0%
- Revenue
- 0€
- Revenue change 2024→2025
- -100.0%
- Profit
- -28,515€
- Margin
- —
- Employees
- 1
- Payroll cost/emp./mo*
- 680€
- 19Aquapark02446324 · BudvaRevenue share0.0%
- Revenue
- 0€
- Revenue change 2024→2025
- No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable.
- Profit
- -1€
- Margin
- —
- Employees
- 1
- Payroll cost/emp./mo*
- —
- 20Drava Vodnogospodarsko Podjetje Ptuj03122395 · PodgoricaRevenue share0.0%
- Revenue
- 0€
- Revenue change 2024→2025
- No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable.
- Profit
- -3,392€
- Margin
- —
- Employees
- 1
- Payroll cost/emp./mo*
- —
- 21Columbus02786613 · Herceg NoviRevenue share0.0%
- Revenue
- 0€
- Revenue change 2024→2025
- No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable.
- Profit
- -12,888€
- Margin
- —
- Employees
- 1
- Payroll cost/emp./mo*
- 679€
- 22Millennium Team02966301 · Herceg NoviRevenue share0.0%
- Revenue
- 0€
- Revenue change 2024→2025
- No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable.
- Profit
- -25,064€
- Margin
- —
- Employees
- 1
- Payroll cost/emp./mo*
- 1,441€
- 23Ul - Investment02749106 · UlcinjRevenue share0.0%
- Revenue
- 0€
- Revenue change 2024→2025
- -100.0%
- Profit
- 0€
- Margin
- —
- Employees
- —
- Payroll cost/emp./mo*
- —
* Avg payroll cost per employee per month = wages, wage compensation and other personnel expenses from the income statement (AOP 211: net wages, taxes and contributions on wages including the employer's, and other personnel expenses) / employees / 12. It is not an employee's gross or net salary; reporting errors can move it significantly, and values below 300€ a month are not shown. How we calculate →
The activity title is the code's title in the KD 2010 classification (NACE Rev. 2), which applies to every year shown. The registry now shows titles from the new classification for the same codes, so titles can differ.
Source: Tax Administration / CRPSCurrency: EUR